Socio Economic ANalysis of Bangladesh

Topics: Yemen, Economics, Unemployment Pages: 23 (5204 words) Published: April 22, 2014
1. Introduction

The diversity and complexity of economic, demographic and social impediments to development in the poor parts of the Muslim world have far-reaching consequences internally, regionally and internationally. It should be noted from the onset that those impediments are not observed only in the Muslim world, they are in fact characteristic of third world countries. The current state of development in the most of the Muslim world has nothing to do with the great monotheistic religion of Islam. In the past, Islamic civilization has contributed significantly to science, medicine, philosophy, astronomy, algebra, economics and many other fields of knowledge while Europe was in dark ages. It is also important to note that the Muslim world - as is the case in the Christian world - is not a homogeneous entity. Here in this report we are going to analyze the Socio-Economic Comparatives between Bangladesh & Yemen.

History & Politics
In real terms Bangladesh's economy has grown 5.8% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms. Bangladesh remains a poor, overpopulated, and inefficiently-governed nation. Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Bangladesh's growth was resilient during the 2008-09 global financial crisis and recession. Garment exports, totaling $12.3 billion in FY09 and remittances from overseas Bangladeshis, totaling $11 billion in FY10, accounted for almost 12% of GDP. Yemen is one of the Arab world’s poorest countries. Secessionists, unruly tribes, and Islamist extremists oppose its moderate foreign policy and cooperation with the United States against al-Qaeda. In early 2011, important members of President Ali Abdullah Saleh’s government defected to a coalition of opposition forces. Saleh was forced to resign in a deal brokered by the Gulf Cooperation Council. He transferred power to Vice President Abd Rabbuh Mansur al-Hadi after a February 2012 election. The government initiated an economic reform program in 2006, but declining oil production, terrorism, kidnappings, clashes between Sunni and Shia Muslims, tribal rivalries, a strong al-Qaeda presence, and growing water shortages have undermined foreign investment, tourism, and economic growth. Yemen’s economic freedom score is 55.5, making its economy the 123rd freest in the 2014 Index. Its score is 0.4 point lower than last year, reflecting declines in four of the 10 economic freedoms including monetary freedom, business freedom, and freedom from corruption. Yemen is ranked 12th out of 15 countries in the Middle East/North Africa region, and its overall score is lower than the world and regional averages. Bangladesh has a Parliamentary Representative Democratic Republic. The Prime Minister is the Head of the Government the Executive Power is run by the Government and the Legislative Power is balanced without contingencies by both the Parliament and the Government. A new President is elected every five years, and is only a ceremonial figurehead who appoints a Prime Minister, someone who he shares close political ties and views. Bangladesh is rapidly changing from a dominant two-party system; BNP (Center-Right) and Awami League (Center-Left), to a very belief specific Liberation Movement. A Republic. It is worth noting that the Yemeni Republic is more of a dictatorship in practice than a true representative democracy (like you would see in USA or Western Europe). Parliamentary Republic President: Ali Abdullah Saleh Prime Minister: Ali Muhammad Mujawar 2. NGO

In all spheres of development, NGOs are reported to have created a landmark in the history of Bangladesh. NGOs as the proper alternative organizations have the vision of imagination, flexibility, autonomy, creativity, innovative...

References: 1. MI N I S T R Y O F P U B L I C WO R K S A N D H I G H W A Y S ( MPWH )(Feb 62, 2014, Page-0.3)
2. Bangladesh Country Environmental Analysis Bangladesh Development Series
Paper No: 12(World Bank Report)
3. Workshop on Interaction between fiscal and monetary policy in an emerging economy (Presenter Dr. Biru Paksha Paul, Visiting Scholar at BB 8/8/2012)
4. Bangladesh 2013: Assessing Economic Implications of the Present Political Shocks (Debapriya Bhattacharya 13 April,2013)
5. Poverty Assessment for Bangladesh: Creating Opportunities and Bridging the East-West Divide Bangladesh Development Series (Paper No. 26 Poverty)
6. International Monetary Fund (IMF County Report No. 13/246)
7. Integrated Social Cohesion and Development Project Fact Sheet
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